In our Feb. 5, 2013 blog, we discussed the importance of periodically reviewing the performance of your 401(k) retirement funds with your investment advisor and CPA. A good example of the importance … [Read more...] about EMPLOYEE & EMPLOYER PERSPECTIVES – 401(k) FEES & FIDUCIARY DUTY
2012 RESIDENTIAL ENERGY CREDIT
The rules regarding residential energy credits are continuously changing. Homeowners who make improvements in one year may not be eligible for the tax credit, whereas they may have been entitled to … [Read more...] about 2012 RESIDENTIAL ENERGY CREDIT
IS THE LIFE INSURANCE DEATH BENEFIT PAID TO A BENEFICIARY FROM YOUR EMPLOYER-OWNED LIFE INSURANCE (EOLI) POLICY TAXABLE?
The death benefit proceeds from a life insurance policy are generally excluded from income tax. At the same time, no tax deduction is allowed for premiums paid on any life insurance policy if one is … [Read more...] about IS THE LIFE INSURANCE DEATH BENEFIT PAID TO A BENEFICIARY FROM YOUR EMPLOYER-OWNED LIFE INSURANCE (EOLI) POLICY TAXABLE?
WILL SOCIAL SECURITY AND 401(K) MONIES BE AVAILABLE WHEN YOU RETIRE?
Employers have been transitioning from defined benefit pension plans to defined contribution plans for several years. In 1980, four out of five private-sector workers were covered by traditional … [Read more...] about WILL SOCIAL SECURITY AND 401(K) MONIES BE AVAILABLE WHEN YOU RETIRE?
IRS ANNOUNCES HOME OFFICE SAFE HARBOR
The IRS announced (Rev. Proc. 2013-13) a safe harbor method that individual taxpayers have the option of using to determine the amount of deductible expenses attributable to certain business use of a … [Read more...] about IRS ANNOUNCES HOME OFFICE SAFE HARBOR
2013 PA Department of Labor Unemployment Tax Rate Changes
The Office of Unemployment Compensation Tax Services plans to mail the PA Contribution Rate Notice for the 2013 calendar year, Form UC-657, on December 31, 2012. Important deadlines … [Read more...] about 2013 PA Department of Labor Unemployment Tax Rate Changes
